Thursday, June 26, 2019

An Introduction to Place-Based Impact Investing Collaboration

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Speakers

Shena AshleyVice President and Director,

Center on Nonprofits and Philanthropy,Urban Institute

Melanie AudetteSenior Vice President,

Member and Partner Engagement,Mission Investors Exchange

John BalbachAssociate Director,

Impact Investments,John D. and Catherine T. MacArthur Foundation

Housekeeping

▪ Webinar is being recorded

▪ The recording will be posted online after the webinar

▪ All participants are muted

▪ Type your questions or comments into the Questions box

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Webinar topics

Definitions and Concepts2

Overview of Place-Based Impact Investing Practitioner Briefs

3

Building Knowledge 1

Next Steps4

Building Knowledge

Why build knowledge on place-based impact investing collaborations?

Place-based impact investing collaborations have great potential for impact

Growing field of practice

Learn from other places

Definitions and Concepts

Focuses on coordinating efforts and leveraging capital from across the community to enable

different stakeholders to become part of a larger community-driven, purposefully-designed

investment collaborative

Collaborative Place-Based Impact Investing

impact

investing

Impact Investing

CollectiveImpact Place-Based

Philanthropy

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Overview of Place-Based Impact Investing

Practitioner Briefs

PBII Ecosystems: Building a Collaboration to Boost Your Effectiveness

▪ Ecosystems are composed of a range of

entities including impact investors,

intermediaries, investees, and system

supports.

▪ There are different ways to build an

ecosystem.

▪ Ecosystem building works when diverse

perspectives are included, makes progress

when champions take the lead, and flourishes

when participants unify around a common

goal.

Benefits of Coordination Among Key Stakeholders in an Ecosystem

▪ Community knowledge and understanding

▪ Strength and efficiency

▪ Relationship building

▪ Investee readiness and community connection

▪ More resources and infrastructure

Case Example: Michigan Collaborative

▪ In 2013, leaders at the philanthropy-serving organization Council of Michigan Foundations (CMF) wished to bring attention to PBII opportunities.

▪ CMF’s first on-ramp to impact investing was a fund that successfully raised $44 million for investments in Michigan. CMF learned several critical lessons as the coordinated investment opportunity developed.

▪ In 2016, CMF hired an expert in residence using funding committed from its endowment, and a private foundation committed additional capital to fund a fellow.

Mapping and Assessing Local Capacities and Opportunities for PBII

▪ Mapping brings a number of benefits including

identification of common purpose for PBII

collaborations.

▪ There are four primary approaches to

mapping:

1. Needs assessment

2. Capital flows and gaps

3. Ecosystem mapping

4. Impact investor mapping

Case Example: Racial segregation and investment patterns in Baltimore

▪ Clear geographic patterns for different types of public and private lending

▪ For example: in Baltimore: commercial real estate lending, clusters in the central business districts, in industrial areas along the waterfront, and in retail centers

Case Example: New Mexico Impact Investing Collaborative▪ New Mexico Impact Investing Collaborative identified

current and potential impact investors and then conducted a survey

▪ The survey results revealed areas of shared interest and desire among several funders to collaborate to strengthen the impact investing pipeline, infrastructure, due diligence capacity, and capital pool in the state

▪ It also highlighted critical gaps in both capital and capacity, making the case for mobilizing new impact investors and attracting outside capital.

Collaborative PBII Models: Deploying Capital on the Ground Together

▪ Different approaches to collaboration, shaped

by trust, capacity, and mission alignment.

▪ Practitioners have observed the importance of

▪ Attending to governance of the model early

▪ Ensuring the collaborative has adequate

professional guidance

▪ Accommodating donor or investor intent while

maintaining fund integrity

▪ Recognizing that group processes present

challenges and risks

Models of Collaborative PBII

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Next Steps

Next webinar

Access resources

Place-Based Impact Investing LibraryMission Investors Exchangehttps://missioninvestors.org/place-based-impact-investing-ecosystems

Place-Based Impact Investing ProjectUrban Institutehttps://www.urban.org/policy-centers/research-action-lab/projects/place-based-impact-investing

https://missioninvestors.org/place-based-impact-investing-ecosystemshttps://www.urban.org/policy-centers/research-action-lab/projects/place-based-impact-investing

Other resources

What are your questions?

▪ Type your questions or comments into the questions box

▪ Be sure to include your name and organization

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Thank you!

Support for this event is provided by the John D. and Catherine T. MacArthur Foundation. For more information on the Urban Institute’s funding principles, go to http://www.urban.org/fundingprinciples.

http://www.urban.org/fundingprinciples